Tuesday, April 10, 2012

The median price of buying a home in the King County area last
month was the highest we’ve seen since September. According to
stats from the MLS,
last month’s median sale price was $330,000, which is 7% higher than it was the
previous month, (which happened to hit an all time low).
This indicates that in some areas of King County, the housing market is starting to recover. According to the Seattle Times,
prices in Seattle were up 3% from this time last year and even 9% up from
February. The overall optimistic outlook on the housing market is
neighborhood specific of course; neighborhoods in North Seattle, and those Northeast
of I-90 have seen a double digit statistic increase year after year,
whereas the median price in South King County has fallen nearly 17%
since last Spring. Median prices from February to March have had the
tendency to increase in the past, but that isn’t always the case. While
condo sales have seen an increase nationwide, short sales have decreased
over 30% from this time last year. For more information about the King
County housing market, visit the Seattle Times.